I thought letting businesses do business without government involvement was peoples ideal state? Allowing private companies to handle debit transactions for a country turns out to be something that should be well regulated. Who’d have thought.
It is highly regulated. Most of the problem with Canada (and many other places including aspects of American business) is that businesses are granted oligopolies through highly customized/lobbied for regulation/laws and then they get shitty because they have no incentive to control costs or invest in improving their offering. The role of government in business should be making sure business isn't obviously harming individuals and breaking up business when they get too big and start exercising market power to win rather than innovating. This doesn't happen in Canada and it's why we suck. If you go look at our stock index the S&P 60 basically everything on there that isn't base resource extraction should be broken up but our government is too bought and paid for to do it.
